Home renovation loan

Home renovation loan is a type of personal loan that is used to finance home renovation projects, such as kitchen or bathroom remodeling, adding a room or an extension, or making energy-efficient upgrades.

These loans are often secured by the value of your home, meaning that the lender may require that you use your home as collateral to be approved for the loan.

To qualify for a home renovation loan, you’ll typically need to have a good credit score, a steady income, and sufficient equity in your home.

The lender will review your credit history, income, and other factors to determine your creditworthiness and to assess the value of your home.